Tuesday, July 31, 2007

All Time High for Oil?

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According to the media, Oil near all-time high over $77 However, to make meaningful comparisons across time you must use real dollars, not n...

Capital Gains: Cut Rates and Increase Revenue

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A Workable Tax Reform Compromise?

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from the Skeptical Optimist
Monday, July 30, 2007

Hyperinflation in Zimbabwe

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No end in sight.
Sunday, July 29, 2007

Remember, Investing is About the Long Term

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Despite a bad week, the past 52 weeks is looking good.

Dow has Worst Week in Over 4 Years

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After breaking 14,000, the Dow experienced 3 of its worst days this year in the same week.
Friday, July 27, 2007

2nd Quarter GDP Growth 3.4%

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great chart from the Skeptical Optimist

2nd Quarter GDP Growth: 3.4%

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read the CNN story
Thursday, July 26, 2007

Bad Day for the Dow

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Why did Prohibition End? Tax Revenue Needed

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An interesting argument. Read the article.
Wednesday, July 25, 2007

Minimum Wage Too High in Northern Ireland?

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Prime Minister Gordon Brown is considering plans which could see the minimum wage reduced in Northern Ireland... read the story Could the mi...

How Many Earn Minimum Wage?

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another great chart from the Skeptical Optimist People tend to forget minimum wage jobs are a starting point, not a career goal.
Tuesday, July 24, 2007

Dead Farmers Got Subsidies

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The Agriculture Department sent $1.1 billion in farm payments to more than 170,000 dead people over a seven-year period, congressional inves...
Monday, July 23, 2007

Markets in Everything: Snow Skiing in Dubai

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It is summer, it is over 100 degrees outside. Let's go snow skiing.

New Minimum Wage: $5.85

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So will unemployment among the low to no skill jobs increase or decrease? But at the same time, employers who pay many of these low-wage wor...

The Problem of Forecasting

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"the causes of the change from a ten-year surplus of $5.6 trillion to a ten-year deficit of $2.9 trillion--a swing of $8.5 trillion. Th...
Friday, July 20, 2007

A Rising Tide Lifts All Boats

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Thursday, July 19, 2007

Dow Finishes Above 14,000

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Long Term "Risky" Investments Beat "Safe" Ones

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read the post at Political Calculations
Wednesday, July 18, 2007

Recommended Reading: Walter Williams' column

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the latest column from Walter Williams Economists on the Loose "Free markets are simply millions upon millions of individual decision-m...